NEW HSBC CARD OFFERS DISCOUNTS, CASH BACK PERKS FOR FOODIES

For those who love exploring countries through food, this new credit card is for you. HSBC Philippines has recently launched a new Visa credit card packed with lifestyle perks for the internationally-minded consumers. Called HSBC Live+, its benefits include cash backs of up to eight percent on spending in dining, whether in or outside of the country.

"As wealth creation drives more spending among the middle class and emerging affluent segments, we designed Live+ to offer outstanding lifestyle experiences and accessible rewards that resonate with our customers," Taylan Turan, CEO, retail banking for wealth and personal banking at HSBC, said.

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HSBC, in its own study, found that consumers across Asia are spending more on food, with restaurant and other food-related purchases ranking in the top three in seven out of eight markets. This is despite the recent upward trend in inflation. Demand for restaurants and other leisure products and services has risen by 10 percent, with Filipinos seeking to "make daily living more fun."

"What we’re doing right now [is] we’re really following the customers," Peter Faulhaber, head of wealth and personal banking at HSBC Philippines, said. "HSBC’s new lifestyle credit card, Live+, allows cardholders to enjoy delightful culinary experiences through a wide selection of restaurants, both here [in the Philippines] and overseas."

"[Filipino] consumers spend most at restaurants and on shopping for retail goods and apparel. This aligns with the lifestyle proposition of the HSBC Live+ card, so consumers can enjoy their dining experiences and [maximize] the rewards earned on these key categories," added Visa country manager Jeffrey Navarro.

What’s in the HSBC Live+ credit card for consumers?

Diners can enjoy a 15 percent discount at over 200 restaurants across Asia all year round. They can also get up to eight percent cash back each time they dine out or order in and pay with their credit card.

These are available in seven other markets besides the Philippines: Taiwan, Singapore, Vietnam, Malaysia, Indonesia, Sri Lanka, and India. According to HSBC, it will soon expand to more countries, including South Korea, as Korean cuisine gains popularity in the country.

Here are the other benefits:

  • Shopping: 5 percent cash back at retail shops and department stores, as well as online marketplaces
  • Entertainment: 5 percent cash back on entertainment-related purchases, including cinema tickets and streaming platform subscriptions (Netflix, Disney+, and Spotify)

Residents who are 21 years old and up with an annual income of P500,000 are eligible to apply for the new credit card. Those interested may sign up online.

Established in 1875, HSBC Philippines serves customers through its three businesses: wholesale banking, global banking and markets, and wealth and personal banking. The launch of the Live+ credit card in the country reinforces its ambition to expand its unsecured lending business for consumers in South and Southeast Asia. Parent company Hong Kong and Shanghai Banking Corporation Limited, the founding member of the HSBC Group, is one of the largest banking and financial services organizations globally.

2024-07-10T10:17:18Z dg43tfdfdgfd